Stocks in the Asia-Pacific region powered ahead taking cues from a positive Wall Street close, as trades brace for a flurry of policies Donald Trump will announce after swearing-in as the 47th US president.

Australia’s S&P/ASX 200 opened higher, with the benchmark index advancing by 0.42%, or 35 points, to 8,345 as of 6:45 a.m. Japan’s Nikkei was up 533 points, or 1.39% at 38,952.

TikTok restored service in the US as Trump announced he would extend a deadline to sell the company. Meanwhile, the executive orders by Trump regarding trade, immigration, energy, and regulatory reform will be closely watched by traders after he takes office. 

The World Economic Forum kicks off in Davos, Switzerland, on Monday, drawing heads of state, central bankers, and business leaders to discuss pressing global issues.

The US stocks closed with their best weekly gains since the US November presidential election. The S&P 500 and the Dow Jones Industrial Average rose 1.00% and 0.78%, respectively. The tech-heavy Nasdaq Composite advanced 1.51%.

The NSE Nifty 50 and BSE Sensex extended its fall to the second consecutive week with HCL Technologies Ltd. and Infosys Ltd. as the top losers for the week. IT was among the worst performing with Nifty IT falling nearly 6% in the week that comprised of third quarter earnings.

The NSE Nifty 50 and BSE Sensex snapped three-day gaining streak on Friday to close lower ahead of Tech Mahindra Ltd. and Wipro Ltd.’s third-quarter results. The Nifty 50 ended 108.60 points or 0.47% lower at 23,203.20, and the Sensex ended 423.49 points or 0.55% lower at 76,619.33.

Foreign portfolio investors stayed net sellers of Indian equities for the eleventh straight session on Friday and sold stocks worth Rs 3,318.1 crore.

Domestic institutional investors have been buyers for 22 consecutive sessions and bought stocks worth Rs 2,572.9 crore, according to provisional data from the National Stock Exchange.

Indian rupee weakened by 7 paise to close at 86.61 against the US Dollar.

Earnings Today

AGI Greenpac, APL Apollo Tubes, Central Bank Of India, Dixon Technologies (India), IDBI Bank, Indostar Capital Finance, Indian Overseas Bank, Indian Railway Finance Corporation, ICICI Securities, Jammu & Kashmir Bank, L&T Finance, Multi Commodity Exchange Of India, Mangalore Refinery & Petrochemicals, Newgen Software Technologies, Oberoi Realty, One 97 Communications, Raghav Productivity Enhancers, Sunteck Realty, Supreme Industries, Vidhi Specialty Food Ingredients, Zomato.

Earnings Post Market Hours

Tech Mahindra Q3FY25 (Consolidated QoQ)

  • Revenue down 0.2% at Rs 13,286 crore versus Rs 13,313 crore (Bloomberg estimate at Rs 13,319 crore).

  • Ebit up 5.4% at Rs 1,350 crore vs Rs 1,280 crore (Bloomberg estimate at Rs 1,325 crore).

  • Margin at 10.2% versus 9.6% (Bloomberg estimate at 9.9%).

  • Net profit down 21.4% at Rs 983 crore versus Rs 1,250 crore (Bloomberg estimate at Rs 1,061 crore).

 Wipro 3QFY25 (Consolidated QoQ)

  • Revenue up 0.1% at Rs 22,319 crore versus Rs 22,302 crore (Bloomberg estimate at Rs 22,218 crore)

  • Ebit up 6.4% at Rs 3,906 crore versus Rs 3,672 crore (Bloomberg estimate at Rs 3,627 crore)

  • Margin at 17.5% versus 16.5% (Bloomberg estimate at 16.3%)

  • Net profit up 4.6% at Rs 3,354 crore versus Rs 3,208 crore (Bloomberg estimate at Rs 3,061 crore)

Kotak Mahindra Bank Q3FY25 (Standalone, YoY)

  • Net profit up 10% at Rs 3,305 crore versus Rs 3,005 crore

  • NII up 10% at Rs 7,196 crore versus Rs 6,554 crore 

  • Net NPA at 0.41% versus 0.43% (QoQ) 

  • Gross NPA at 1.50% versus 1.49% (QoQ)

RBL Bank Q3FY25 (Standalone, YoY)

  • Net Profit down 86% at Rs 32.6 crore versus 233 crore

  • NII up 3% at Rs 1,585 crore versus Rs 1,546 crore

  • Net NPA at 0.53% versus 0.79% (QoQ) 

  • Gross NPA at 2.92% versus 2.88% (QoQ) 

Indian Hotels Co. 3QFY25 (Consolidated YoY)

  • Revenue up 29% at Rs 2,533 crore versus Rs 1,964 crore

  • Ebitda up 31.3% at Rs 962 crore versus Rs 733 crore

  • Ebitda margin at 38% versus 37.3%

  • Net profit up 32.6% at Rs 633 crore versus Rs 477 crore

 Ramkrishna Forgings Q3FY25 (Consolidated YoY)

  • Revenue up 7.9% at Rs 1,074 crore versus Rs 996 crore

  • Ebita up 5.4% at Rs 232 crore versus Rs 220 crore

  • Ebita margin at 21.6% versus 22.1%

  • Net profit up 14.7% at Rs 99.6 crore versus Rs 86.9 crore

 Rallis India Q3FY25 (Consolidated YoY)

  • Revenue down 12.71% at Rs 522 crore versus Rs 598 crore

  • Ebita down 27.9% at Rs 44 crore versus Rs 61 crore

  • Margin down at 8.4% vs 10.2%

  • Net profit down 54.2% at Rs 11 crore versus Rs 24 crore

 Jio Financial Services 3QFY25 (Consolidated YoY)

  • Revenue up 8.3% at Rs 449 crore versus Rs 414 crore

  • Net profit flat at Rs 295 crore

 Supreme Petrochem Q3FY25 (YoY)

  • Revenue up 18.3% at Rs 1,405 crore versus Rs 1,189 crore

  • Ebita up 4.6% at Rs 99.2 crore versus Rs 94.8 crore

  • Ebita margin at 7.1% versus 8%

  • Net profit up 5.5% at Rs 71.4 crore versus Rs 67.7 crore

 ICICI Lombard General Insurance Co. Q3FY25

  • Net Premium Income up 17.2% at Rs 5,045 crore versus Rs 4,305 crore (YoY)

  • Solvency ratio at 2.36% versus 2.65% (QoQ)

  • Net profit up 67.9% at Rs 724 crore versus Rs 432 crore (YoY)

Netweb Technologies (Consolidated, QoQ)

  • Revenue up 33% at Rs 334 crore versus Rs 251 crore

  • EBIT up 23.1% at Rs 40.8 crore versus Rs 33 crore

  • EBIT margin at 12.2% versus 13.2%

  • Net profit up 17.9% at Rs 30.3 crore versus Rs 25.7 crore

Avantel (Consolidated, YoY)

  • Revenue up 19.2% at Rs70.7 cr vs Rs59.3 crore

  • Ebitda up 31% at Rs 32.1 crore versus Rs 24.4 crore

  • Margin at 45.3% versus 41.2%

  • Net profit up 23% at Rs 20.1 crore versus Rs 16.3 crore

Stocks To Watch

  • Tata Steel: The company files curative petition in Supreme Court challenging Odisha’s tax on mineral land.

  • Unitech: The company has announced the divestment of Unitech Power Transmission for Rs 508.9 million.

  • SRF: The company has received a GST demand order of approximately Rs 170 crore, including a penalty, from the Vadodara tax authority.

  •  Rallis India: The company will establish a solar power plant for renewable energy with an estimated capital expenditure of approximately Rs 20-27 crore.

  • Minda Corp.: The company has completed the acquisition of a 49% stake in Flash Electronics Pvt. Ltd.

  • Info Edge India: The company will invest Rs 90 crore in Startup Investments (Holding) Ltd., its wholly owned subsidiary.

  • Bank of India: The bank will consider the proposal for raising funds through the issuance of long-term (Infra) bonds at its meeting scheduled for Jan. 23, 2025.

  •  DLF: The NCLT Chandigarh bench has approved the merger involving the amalgamation of seven wholly owned subsidiary companies.

  • Adani Energy Solutions: Adani Electricity has entered into an agreement with Adani Properties to acquire Superheights Infraspace for Rs 475 crore. Superheights Infraspace holds development rights for 3,000 sq. m of land in BKC.

  •  Dalmia Bharat: Dalmia Cement (Bharat) Ltd., a wholly owned subsidiary of the company, has entered into a share subscription and shareholders agreement to acquire 26% of the equity share capital of Solis Urja Energy Pvt. Ltd., totaling Rs. 1,75,00,000.

  • ITD Cementation India: The company has received an arbitral award of Rs 12 crore from the Arbitral Tribunal concerning various claims related to contractual disputes. Notably, the company had filed claims before the Tribunal against the Airports Authority of India.

  • Ashapura Minechem: The company’s international subsidiary has signed a long-term Memorandum of Understanding with China Railway to collaboratively develop the Fako bauxite deposit in Guinea.

  • IndusInd Bank: The VAT Tribunal in Chennai has imposed a penalty of Rs 7.08 crore on the bank for various GST-related issues.

  • Route Mobile: The company has received an order from the Deputy Commissioner of CGST covering the period from July 2017 to March 2018, as well as fiscal 2018-19, with a total demand of Rs 11.08 crore.

  • GMR Airports: The company reported a 9% year-on-year increase in total passenger traffic, reaching 1.1 crore. Additionally, total aircraft movements saw a 7% year-on-year growth, totaling 64,364.

IPO Offerings

  • Stallion India Fluorochemicals Ltd.: The public issue was subscribed to 32.12 times on Day 2. The QIBs bid at 0.31 times, non-institutional investors’ bidding was at 77.08 times, retail individual investors’ bidding was at 31.03 times.

New Listing

  • Laxmi Dental: The company’s shares will debut on the stock exchanges on Monday at an issue price of Rs 428 apiece. The Rs 698.1-crore IPO was subscribed 114.42 times on its final day, led by demand from non-institutional investors.

Bulk Deals

Spandana Sphoorty Financial: Padmaja Gangireddy sold 3.96 lakh shares (0.55%) at Rs 357.20 apiece.

Trading Tweaks

  • Ex/Record Date For Stock Split: Blue Cloud Softech Solutions, Nava

  • Move Out of ASM Framework: Spandana Sphoorty Financial, Zen Technologies

Who’s Meeting Whom?

  • Five-Star Business Finance: To meet analysts and investors between Jan. 20 and Jan. 22.

  • Nestlé India: To meet analysts and investors on Feb. 4.

F&O Cues

  • Nifty January futures down by 0.5% to 23,261 at a premium of 58 points.

  • Nifty January futures open interest up by 3.94%

  • Nifty Options Jan. 16 Expiry: Maximum call open interest at 24,000 and maximum put open interest at 22,000

  • Securities in ban period: AARTI Industries, Aditya Birla Fashion and retail, Angle One, Bandhan Bank, Can Fin Homes Ltd, Hindustan Copper, L&T Finance, RBL Bank, Kalyan Jewellers, Manappuram Finance

Money Market

The rupee closed weaker against the US currency for the second day in a row as the dollar index rebounded, tracking sustained decline in the pound sterling and euro in the second half of the trade. Demand for the greenback weighed on the Indian unit.

The rupee weakened by six paise to close at 86.61 against the US dollar. The domestic currency opened flat at 84.56 against the greenback, according to Bloomberg data.

. Read more on Markets by NDTV Profit.The NSE Nifty 50 and BSE Sensex snapped three-day gaining streak on Friday to close lower ahead of Tech Mahindra Ltd. and Wipro Ltd.’s third-quarter results.  Read MoreMarkets, Business, Notifications 

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